I think this is what one needs to look out for when deciding what DeFi to invest in and use. Especially for longer-term gains. The bear market is honestly a blessing in disguise and I’ll tell you why. When the tide is low, what is beneath the surface comes to light. DeFi that wasn’t built for sustainability will crumble under the pressure. We’re seeing it happen with a massive amounts of projects.
Why do we see ecosystems like Polygon and Ethereum continue to grow and expand despite market conditions? Why are DeFi projects offering sustainable yields while other have gotten absolutely wrecked? Fundamentals. I’m watching the space carefully and I think you should too, there’s still money to be made despite market conditions. The projects that are not only surviving the bear market but thriving in it are the projects are going to be crushing it during the bullrun.
Obviously at the end of the day no one knows what’s going to happen. I don’t want to drop any project names but I will urge you to look into DeFi on the Polygon ecosystem. The numbers will bring you to the conclusion that they are outperforming every other network in terms of DeFi usage.
With all this being said, I’m curious to hear everyone’s thoughts on this, I’ve been investing in a few DeFi projects that have been crushing it during the bear market and I urge you to do the same. Obviously this isn’t financial advice and I urge you to do your own research.